Fed Beige Book Survey Shows Economy Continued to Grow

The transcript discusses economic activity across 12 districts, highlighting modest to moderate growth. It focuses on wage growth and labor market conditions, noting tight labor markets and challenges in low-skilled hiring. Despite modest wage increases, high turnover rates indicate worker confidence. An anecdote from Boston highlights hiring difficulties. Consumer spending is mixed, with modest price rises suggesting potential for future spending stability.

What was noted about consumer spending outside of automobile purchases?

What signs were there regarding the potential for consumer spending to increase?